Stellantis And CEA Partner To Develop Next-Generation EV Battery Cells

Zinger Key Points
  • Stellantis and CEA collaborate on next-gen EV battery cells.
  • Partnership aims for high-performance, sustainable, and cost-effective batteries.

Stellantis NV STLA and CEA, a renowned research institution, have announced a five-year collaboration to design next-generation battery cells for electric vehicles (EVs).

This joint research program aims to develop advanced battery cells with higher performance, longer lifespan, and lower carbon footprint, which can make EVs more affordable and sustainable.

“We know that battery technology is poised for change. While we don’t know exactly how it will change, we are committed to be at the forefront of this transformation,” said Ned Curic, Stellantis Chief Engineering and Technology Officer.

The primary focus of the collaboration is to design battery cells that offer best performance and cost-effectiveness. This includes researching disruptive chemistries, CO2 footprint reduction, battery modeling, fuel cell development, life cycle assessment, and connectivity.

Also Read: Stellantis Strengthens Ties with Archer Aviation, Injects $55M Following Key Milestone

The goal is to support Stellantis’ giga factories with cutting-edge battery technologies.

“Our challenge is to speed up design and fabrication and to allow deep understanding of the most advanced cells technologies by sharing our expertise, skills and vision,” said Philippe Stohr, Head of CEA Energy Division.

This collaboration aligns with Stellantis’ Dare Forward 2030 strategic plan, which targets carbon net zero by 2038.

The battery cell design program builds on a 20-year collaboration between Stellantis and CEA.

Price Action: STLA shares are trading higher by 1.04% at $19.87 at last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image: Shutterstock/ asharkyu

Also Read:

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EquitiesNewsGeneralAI GeneratedBriefsEurasiaEVsStories That Matter
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!